It wasn’t how I wanted to kick things off, but I worked with a contractor to get the bathroom fixed and functional.Once that was behind me, I focused on improving the building and maximizing income:I installed a shared washer and dryer for the tenants, a major upgrade that added convenience and increased the property’s value.I rented out the two garage parking spaces, bringing in consistent revenue.I also raised rents for the second- and third-floor tenants I inherited to be just below market-rate.

.), and also need to consider the cost of vacancies or bad tenants.I also recommend you charge market rate, for yourself and the tenant.

Many syndicators got into syndications in 2018 2019 and their deals look great but that is primarily due to cap rates going from 7% to 4% and interest rates going from 6% to 3%.

It wasn’t teh flashiest deal, but it’s been rock-solid through rising rates and market swings.

What would you assess your personal success rate is for 2024? 

The cost of labor , materials , property taxes , inflation , interest rates  etc .

They may also require US credit history, although there are a handful that will not require a US credit report for an increased rate/ reduction in LTV. 

I understand that the investment or time and energy is required and correlates with success rate.

A colleague recently closed on a 12-unit property in San Antonio and shared that a 6.8% cap rate, combined with lower property taxes, made it a no-brainer.

The rate the intelligence is growing is out of this world.